A Simple Guide to RERA Telangana

The Real Estate Regulation and Development (RERA) Act, 2016 is appraised as one of the prominent legislation passed by the Government of India. Its intention is to reform and refine the real estate sector, encouraging more transparency, citizen centricity, accountability, and financial discipline. This is in consonance with the vast and booming economy of India as in coming years many people would be investing in the real estate sector.

 

Project Registration Fees in Telangana

Group Housing Project

Rs 5 per square meter - If the area of land proposed to be developed do not exceed 1000 square meters.

Rs 10 per square meter - (capped up to Rs. 5 lakhs) - For projects where the area of land proposed to be developed exceeds 1000 square meters.

 

In the case of mixed development (residential and commercial) project

Rs 10 per square meter - For projects where the area of land proposed to be developed do not exceed 1000 meters.

Rs 15 per square meter (capped up to Rs. 7 lakhs) - For projects where the area of land proposed to be developed exceeds 1000 square meters

 

In case of commercial projects

Rs 20 per square meter - For projects where the area of land proposed to be developed does not exceed 1000 square meters

Rs 25 per square meter (capped up to Rs. 10 lakhs) - For projects where the area of land proposed to be developed exceeds one thousand square meters.

 

In case of plotted development projects

Rs 5 per square meter of total plot area with maximum fees of Rs 200,000.

 

RERA for Real Estate Agents

Under this Act, the Real Estate Agent shall furnish the following information and documents for registration along with the required forms with the regulatory authority:

 

1. Brief details of his enterprise including its name, registered address, type of enterprise, proprietorship, societies, co-operative society, partnership, companies etc.;
2. Particulars of registration including the bye-laws, memorandum of association, articles of association etc. as the case may be;
3. Name, address, contact details and photograph of the real estate agent if it is an individual and the photograph of the partners, directors etc. in case of other entities
4. Self-attested copy of the PAN card;
5. Self-attested copy of the address proof of the place of business.
6. ITR for the last 3 financial years
7. Letterhead along with signature and rubber stamp
8. Receipt format to be issued to the client

 

The real estate agent shall pay fees of Rs 10,000 in case of individual registration and Rs 50,000 in case of other than an individual registration

 

 

What is there for buyers?

Any aggrieved person may file a complaint with the Regulatory Authority for any violation of the Act or the rules and regulations. Aggrieved Consumer would file the complaint with the Adjudicating Officer. He would have to provide a fee of INR 1,000.The consumers can file their complaint with the Regulatory Authority or Adjudicating Officer.

 

Contact Details of RERA Telangana

 

Telephone : 040-48553333, 040-48552222

Email ID:  [email protected]

Office Address :

Telangana Real Estate Regulatory Authority

DTCP Building, Ground Floor,

640, A.C.Guads, Masab Tank, Opp. PTI Building,

Hyderabad – 500004.